Emirates NBD to offer clearing services

Emirates

NBD announced the signing of an agreement to offer clearing services to UAE-based Delma Brokerage, making the brokerage firm, the first non-affiliate Trading Member to sign with the bank.

Emirates NBD is currently the first UAE-based financial entity to be approved by ‘SCA — Securities and Commodities Authority as a ‘General Clearing Member’ providing clearing and settlement services to trading participants of the UAE’s equity markets. (Staff Report)